Chrysler parent Stellantis laying off 400 salaried U.S. workers due to ‘unprecedented uncertainties'

Stellantis is implementing layoffs of around 400 salaried employees in the U.S., primarily in engineering, technology, and software units. The action is aimed at cutting costs in response to challenging market conditions. The job cuts, which represent approximately 2% of employees in those units, come after organizational reviews. Stellantis did not disclose the exact number of employees affected. These layoffs are part of Stellantis’ efforts to improve efficiency and optimize its cost structure. CEO Carlos Tavares has been focused on reducing costs since the merger of Fiat Chrysler and PSA Groupe in 2021. The company aims to achieve its Dare Forward 2030 strategic plan, which includes increasing profits and doubling revenue.